Sponsored

Cy Financial talks retirement

SPONSORED

On what day of the week do you spend the most money right now? What day of the week do you go golfing, go to the local hardware store, go to the spa, go shopping, go to the show?   For most of us that are not yet retired, that day would be Saturday. What is important about my previous statements is that once we do retire, every single day is Saturday.  Think about that, it means that our opportunities to have fun have risen dramatically.   How you spend your time and money at this stage is totally up to you. Many of those in the Boomer Generation are not going to need less money when they retire; they are more than likely going to need more.

I’ve actually come across clients that tell me how they already have a guaranteed paycheck coming in (Social Security).  Well, that is terrific but really what are you using that monthly income for?  Is it being utilized to pay for the basics such as groceries, utilities, gasoline, real estate taxes, insurance and so on?  If so, then what about the fun stuff?  Golf, shopping, visiting the kids and grandkids, maybe a trip around the world.  You need a monthly “Play-Check” as well.  Let’s take a look at the money you have set aside in a pension (if you’re lucky enough to have one), 401(k), 403(b), 457 plan or IRA and see what options we might have to reposition those assets in such a way as to provide you with additional guaranteed income.  You’ll probably have to supplement your Social Security income but then, most importantly, let’s work together to provide a monthly play-check that you can count on for life, one that won’t be at the whims of the market.

Cy Financial | Toll-Free 844.322.3500 | www.cyfinancial.com

Loading more

Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.